Rocket Lab Announces $8 Billion Acquisition of Iridium Communications
Rocket Lab has agreed to acquire Iridium Communications in an $8 billion cash-and-stock deal that combines satellite launch and manufacturing with global communications services. The transaction includes a mix of cash ($27 per share) and Rocket Lab stock, valued at approximately $54 per Iridium share. Following the announcement, shares for both companies rose significantly.
Topics: Mergers & Acquisitions Satellite Communications Space Industry